Your personal relationship manager will support you in all your financial matters, from the targeted accumulation and long-term preservation through to the passing on of your assets. He is able to make full use of our comprehensive range of services and draw on the same skills and investment solutions as LGT’s owners, the Princely House of Liechtenstein.

On behalf of their institutional and private clients, the asset management specialists of LGT Capital Partners search worldwide for attractive investment opportunities and the best portfolio managers. They also manage a substantial share of the wealth belonging to LGT’s owner, the Princely House of Liechtenstein.

We see wealth not as an end in itself but also as a means of creating social and cultural added value. As a successful business, we feel an obligation, across all our locations, to make our own contribution toward a society worth living in.

Since it was founded over 90 years ago, LGT has grown from a small regional bank to an international private bank employing over 3000 staff in more than 20 locations worldwide. However, it remains an independent family company. And our most important duty is still to manage our clients’ assets diligently and rigorously.

Are you an able and dedicated individual who acts with integrity? If so, then you have come to the right place. We will foster your individual strengths and invest in your personal further development. At LGT, you can play an active role in helping to shape your field of activity and area of operations. It is important to us that you are satisfied in the long term with the company and with the work you do.

LGT to acquire a portfolio of select private banking assets from HSBC in Switzerland

July 20, 2014

LGT announced that it has reached an agreement with HSBC Private Bank (Suisse) to acquire a sizeable private banking franchise. The scope of the transaction includes over CHF 10 billion in Assets under Management (AuM) and around 70 staff.

Upon closing, the acquired business will be integrated into LGT Bank (Switzerland) which had AuM of CHF 21.0 billion as per year-end 2013. The acquisition is an excellent fit with LGT’s strategy and will further strengthen the group’s market position in its core and growth markets.

The portfolio that LGT has agreed to acquire from HSBC Private Bank (Suisse) is a profitable business evenly distributed amongst various teams, each focusing on HNW and UHNW clients from a specific geographic region that is key to LGT’s growth strategy, notably Central and Eastern Europe, Latin America and Western Europe. A smaller part of the portfolio relates to clients advised by Swiss-based external asset managers.

The opportunity to acquire this portfolio has arisen following a strategic business review by HSBC to concentrate its growth on a focused group of markets. The assets to be acquired have undergone rigorous tax and general compliance procedures.

The teams who are currently looking after the respective clients and will transfer to LGT include around 70 employees (the majority of which are client relationship managers) across Switzerland. LGT intends to keep all transferring employees and to hire additional staff in Switzerland in order to accommodate the expected growth.

The purchase price will be fully paid in cash from LGT’s equity capital. Completion of the transaction is envisaged to take place in the fourth quarter of 2014.

Strong addition to LGT’s strategy

Upon closing, the acquired teams and the respective businesses will be fully integrated into LGT Bank (Switzerland). With assets under management rising to over CHF 30 billion, LGT Bank (Switzerland) will significantly strengthen its market position as a result of the transaction. LGT Group is expected to increase its assets under management to around CHF 120 billion and staff to almost 2,000.

H.S.H. Prince Max von und zu Liechtenstein, CEO of LGT Group: "We welcome the new clients and employees who fit well with our growth strategy, and in particular with our goal of improving our footprint in growth markets. In turn, I am convinced that our long term-oriented ownership and governance, our strong capitalization, our track record of financial stability and stable growth, as well as our leadership in alternative investment products, will represent an attractive proposition to clients and staff transferring to LGT."

Heinrich Henckel, CEO LGT Bank (Switzerland): "This is an excellent addition to our existing business and will significantly strengthen our market position. We very much look forward to welcoming our new colleagues and clients to our bank."